

3M vs Kroger
Diversified maker of safety products and industrial adhesives vs Largest US supermarket operator driving digital and advertising sales. Which is the better buy for your portfolio in October 2026? Plain-English answer below.
3M is a diversified industrial conglomerate emerging from years of legal liability headwinds tied to its PFAS chemicals and combat arms earplugs while pushing through a separation into focused businesses, while Kroger runs the nation's largest supermarket chain and generates enormous but thin-margin cash flows from feeding American households. Both are mega-cap companies facing structural challenges that have weighed on shareholder returns despite strong underlying franchises. The 3M vs Kroger comparison examines how litigation overhang and transformation costs at an industrial compounder compare to the regulatory and competitive pressures facing a grocery giant trying to scale through mergers.
3M is a diversified industrial conglomerate emerging from years of legal liability headwinds tied to its PFAS chemicals and combat arms earplugs while pushing through a separation into focused busines...
Why It’s Moving

3M Shares Surge on Strong Q3 Beat and Expanded Amazon Data Center Partnership
- Q3 adjusted EPS rose 12% to $2.50, beating consensus estimates of $2.38, leading analysts to boost their forecasts for the company.
- 3M announced an expanded partnership with Amazon Web Services (AWS) to advance optical connectivity innovation, specifically investing in 3M's Expanded Beam Optical technology for data center infrastructure.
- Management raised its FY26 adjusted EPS guidance to $9.10–$9.15, citing strong industrial orders, margin expansion, and productivity gains under CEO Bill Brown.

Kroger Faces Market Pressure Amid Strategic Pivot to Price Cuts and Store Rationalization
- Shares fell 1.35% in the latest session, closing at $65.87, after previously outperforming the broader market by rising 1.83% to $64.13 earlier in the week.
- New CEO leadership has acknowledged losing ground to competitors like Walmart and Costco, launching a $5 billion plan to cut prices that Wall Street analysts suggest carries hidden risks not yet fully priced into the stock.
- The company continues to execute its national footprint reduction, having closed more than 50 stores across 18 states nearly a year and a half after the initial announcement.

3M Shares Surge on Strong Q3 Beat and Expanded Amazon Data Center Partnership
- Q3 adjusted EPS rose 12% to $2.50, beating consensus estimates of $2.38, leading analysts to boost their forecasts for the company.
- 3M announced an expanded partnership with Amazon Web Services (AWS) to advance optical connectivity innovation, specifically investing in 3M's Expanded Beam Optical technology for data center infrastructure.
- Management raised its FY26 adjusted EPS guidance to $9.10–$9.15, citing strong industrial orders, margin expansion, and productivity gains under CEO Bill Brown.

Kroger Faces Market Pressure Amid Strategic Pivot to Price Cuts and Store Rationalization
- Shares fell 1.35% in the latest session, closing at $65.87, after previously outperforming the broader market by rising 1.83% to $64.13 earlier in the week.
- New CEO leadership has acknowledged losing ground to competitors like Walmart and Costco, launching a $5 billion plan to cut prices that Wall Street analysts suggest carries hidden risks not yet fully priced into the stock.
- The company continues to execute its national footprint reduction, having closed more than 50 stores across 18 states nearly a year and a half after the initial announcement.
Investment Analysis

3M
MMM
Pros
- 3M posted a solid Q3 with 10% EPS growth and raised full-year 2025 guidance, showing operational resilience.
- The company demonstrated 3.2% organic sales growth year over year in Q3 along with a 170 basis point operating margin improvement.
- 3M has a strong balance sheet with good interest coverage and a high return on equity, indicating efficient capital use.
Considerations
- 3M's earnings remain below historical highs despite recent growth, indicating some recovery challenges.
- Analyst price forecasts are mixed, with some projecting a potential share price decline of around 7-9% through late 2025.
- The stock trades at a relatively high price-to-earnings ratio near 20, which may reflect premium valuation vulnerability.

Kroger
KR
Pros
- Kroger operates a large, diversified grocery retail network with more than 2,700 stores and strong market positions in major US regions.
- The company generates about 75% of its revenue from food sales, with a significant portion from high-margin private-label products.
- Kroger has additional revenue streams from fuel stations and pharmacies, enhancing its integrated retail ecosystem.
Considerations
- Kroger stock currently trades at a significant premium, suggesting limited near-term valuation upside.
- The grocery retail sector is highly competitive and sensitive to economic cycles and input cost inflation.
- Kroger has a low dividend yield around 1.78%, which may limit income appeal in volatile market conditions.
3M (MMM) Next Earnings Date
The next earnings date for 3M (MMM) has not been confirmed yet. Based on the company's historical reporting pattern, which typically occurs approximately three months after the previous release, the expected timing is January 2027. This upcoming report will cover the fourth quarter of fiscal year 2026.
Kroger (KR) Next Earnings Date
No confirmed upcoming earnings date has been announced for Kroger (KR) as of the current data. Based on the historical reporting pattern, where the company typically releases results approximately three months after the previous quarter's close, the next report is expected in early December 2026. This anticipated release will cover the fiscal third quarter ending in late November 2026. Investors should monitor official corporate communications for the precise confirmation of this schedule.
3M (MMM) Next Earnings Date
The next earnings date for 3M (MMM) has not been confirmed yet. Based on the company's historical reporting pattern, which typically occurs approximately three months after the previous release, the expected timing is January 2027. This upcoming report will cover the fourth quarter of fiscal year 2026.
Kroger (KR) Next Earnings Date
No confirmed upcoming earnings date has been announced for Kroger (KR) as of the current data. Based on the historical reporting pattern, where the company typically releases results approximately three months after the previous quarter's close, the next report is expected in early December 2026. This anticipated release will cover the fiscal third quarter ending in late November 2026. Investors should monitor official corporate communications for the precise confirmation of this schedule.
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